USA needs to increase debt limit sooner than expected

Official Photograph

There are concerns from US Secretary of the Treasury, Jacob Lew, that the USA needs to increase its debt limit sooner than expected:

The U.S. government says it will run out of money to pay its bills in late February, a bit sooner than first thought.

In December, Treasury chief Jacob Lew wrote to congressional leaders that the borrowing limit would be reached in late February or early March. But on Thursday, he urged Congress to raise the country’s borrowing limit again by the end of February, to make sure the country does not default on its debts.

The U.S. has accumulated $17.3 trillion in debt over the years and the figure grows by the day. The government suspended limits on the debt ceiling in October, but is reinstating it on February 7. At that point, Treasury officials can use what they call “extraordinary measures” to keep paying the country’s bills even as it edges closer to running out of cash.

In recent years, raising the country’s borrowing limit has led to contentious political debates in Washington. President Barack Obama, a Democrat, is seeking an increase in the ceiling without conditions, saying that new borrowing authority is needed to pay debts that have already been incurred by the country. His Republican opponents in Congress want more spending cuts before approving another increase in the borrowing limit.

The leader of the Republican-controlled House of Representatives, Speaker John Boehner, said he does not know how any negotiations over the debt limit will play out, but that under no circumstances should the U.S. default.

“All I know is that we should not default on our debt. We shouldn’t even get close to it,” he said. http://www.voanews.com/content/treasury-chief-us-will-run-out-of-money-in-february/1831700.html

The politicians in Washington, D.C. continue to be playing a dangerous game. If there was an actual default, interest rates would go up, the debt would go up, the USA would likely implement steps that would further increase its money supply, and the ramifications in the long run would be even worse. At some point in time, the USA will likely start to experience massive inflation (which is something that the politicians should realize). And afterwards, its creditors will rise up (Habakkuk 2:7; see also What a USA default could look like; what did Habakkuk warn?). The latest budget deal (see New budget deal increases debt–What did Ezekiel write?), which was signed Friday by US President Obama, increases debt more than some of the previous deals that politicians claimed were cutting debt (and they really did not cut the debt, but basically called for slightly less debt).

As far as certain governmental leaders go, notice that the Bible teaches the following:

12…Those who lead you cause you to err, And destroy the way of your paths.” (Isaiah 3:12)

16 For the leaders of this people cause them to err, And those who are led by them are destroyed (Isaiah 9:16).

43 The alien who is among you shall rise higher and higher above you, and you shall come down lower and lower. 44 He shall lend to you, but you shall not lend to him; he shall be the head, and you shall be the tail. 45 Moreover all these curses shall come upon you and pursue and overtake you, until you are destroyed because you did not obey the voice of the LORD your God, to keep His commandments and His statutes which He commanded you…47 “Because you did not serve the LORD your God with joy and gladness of heart, for the abundance of everything, 48 therefore you shall serve your enemies, whom the LORD will send against you, in hunger, in thirst, in nakedness, and in need of everything; and He will put a yoke of iron on your neck until He has destroyed you. 49 The LORD will bring a nation against you from afar, from the end of the earth, as swift as the eagle flies, a nation whose language you will not understand, 50 a nation of fierce countenance, which does not respect the elderly nor show favor to the young. 51 And they shall eat the increase of your livestock and the produce of your land, until you are destroyed; they shall not leave you grain or new wine or oil, or the increase of your cattle or the offspring of your flocks, until they have destroyed you. 52 They shall besiege you at all your gates until your high and fortified walls, in which you trust, come down throughout all your land; and they shall besiege you at all your gates throughout all your land which the LORD your God has given you (Deuteronomy 28:42-45,47-52)

Now, I do not believe that the USA will be destroyed this year in fulfillment of the prophecies of Deuteronomy 28:47-52. Actually, I do not believe that it can happen until after the end of the second Obama term (see also the video The Great Tribulation Will Not Begin Before 2017).

But what the USA is doing does have major ramifications. More and more creditors are attempting to figure out how to decouple themselves from their dependance upon the USA dollar. International confederations such as the European Union and the Eurasian Union, as well as some of the Gulf States and China (and others) are actively attempting to decrease the world’s dependance on the USA dollar for international trade. When the USA dollar loses its dominance in international trade, that too will be inflationary (the price of many goods would likely go up substantially).

The USA keeps playing this dangerous game, even though the Obama Administration’s own Treasury Department is seeing some of its dangers. These repeated budget ‘crises’ and possible defaults have a cost, and the cost ultimately will exceed what even the Treasury Department is warning of.

Some items of possibly related interest may include:

Will the Anglo-Saxon Nations be Divided and Have People Taken as Slaves? Will the lands of the United States, United Kingdom, Canada, Australia, and New Zealand be divided? What about Jerusalem? What does Bible prophecy teach? Are there non-biblical prophecies that support this idea? Who will divide those lands? Who will end up with the lands and the people? Here is a link to a video titled Will the USA and other Anglo-nations be Divided and Their People Made Slaves?
Anglo – America in Prophecy & the Lost Tribes of Israel Are the Americans, Canadians, British, Scottish, Welsh, Australians, Anglo-Southern Africans, and New Zealanders descendants of Joseph? Where are the lost ten-tribes of Israel? Who are the lost tribes of Israel? What will happen to the Jews in Israel? Will God punish the U.S.A., Canada, United Kingdom, and other Anglo nations? Why might God allow them to be punished first?
Who is the King of the West? Why is there no End-Time King of the West in Bible Prophecy? Is the United States the King of the West?
Does God Have a 6,000 Year Plan? What Year Does the 6,000 Years End? Was a 6000 year time allowed for humans to rule followed by a literal thousand year reign of Christ on Earth taught by the early Christians? Does God have 7,000 year plan? What year may the six thousand years of human rule end? When will Jesus return? 2021 or 20xx? There is also a video titled The 6000 Year Plan: Is the end of humanity’s reign almost up?
When Will the Great Tribulation Begin? 2014, 2015, or 2016? Can the Great Tribulation begin today? What happens before the Great Tribulation in the “beginning of sorrows”? What happens in the Great Tribulation and the Day of the Lord? Is this the time of the Gentiles? When is the earliest that the Great Tribulation can begin? What is the Day of the Lord? Who are the 144,000? Here is a version of the article in the Spanish language: ¿Puede comenzar la Gran Tribulación en 2013 o 2014? ¿Es el Tiempo de los Gentiles? You can also see the English language video The Great Tribulation Will Not Begin Before 2017.
Blood Moons and Prophecy There are four ‘blood moons’ expected in 2014 and 2015. Do they signal the Day of the Lord or the return of Jesus Christ? A related YouTube video is also available: Blood Moons, Prophecy, 2014, and 2015.
Who is the King of the West? Why is there no Final End-Time King of the West in Bible Prophecy? Is the United States the King of the West? Here is a version in the Spanish language: ¿Quién es el Rey del Occidente? ¿Por qué no hay un Rey del Occidente en la profecía del tiempo del fin?
Who is the King of the North? Is there one? Do biblical and Roman Catholic prophecies for the Great Monarch point to the same leader? Should he be followed? Who will be the King of the North discussed in Daniel 11? Is a nuclear attack prophesied to happen to the English-speaking peoples of the United States, Great Britain, Canada, Australia, and New Zealand? When do the 1335 days, 1290 days, and 1260 days (the time, times, and half a time) of Daniel 12 begin? When does the Bible show that economic collapse will affect the United States? In the Spanish language check out ¿Quién es el Rey del Norte? Here is a link to a video titled: The Future King of the North.
Barack Obama, Prophecy, and the Destruction of the United States-Second Edition for Second Obama Term This is a 160 page book for people truly interested in prophecies related to Barack Obama and the United States, including learning about many that have already been fulfilled (which the book documents in detail) and those that will be fulfilled in the future. It also has a chapter about a Republican choice. This book is available to order at www.barackobamaprophecy.com. The physical book can also be purchased at Amazon from the following link: Barack Obama, Prophecy, and the Destruction of the United States: Is Barack Obama Fulfilling Biblical, Islamic Catholic, Kenyan, and other America-Related Prophecies? What About Republican Leaders? Second Edition for Second Obama Term.
Barack Obama, Prophecy, and the Destruction of the United States-Second Term-Amazon Kindle edition. This electronic version is available for only US$2.99. And you do not need an actual Kindle device to read it. Why? Amazon will allow you to download it to almost any device: Please click HERE to download one of Amazon s Free Reader Apps. After you go to for your free Kindle reader and then go to Barack Obama, Prophecy, and the Destruction of the United States-Second Term-Amazon Kindle edition.